Industrias Bachoco S.A.B. de C.V., leading producer and processor of poultry and other food products in Mexico, announced that an agreement has been reached on investing in the company Sonora Agropecuaria S.A. de C.V. (SASA), a swine processing and distributor company with operations in the states of Sonora and Jalisco.

SASA is one of the ten main processors in Mexico. It has a production capacity of about 15,000 hogs per week, and participates in both the national and export markets.

Rodolfo Ramos, Bachoco’s chief executive officer, stated: “This agreement will make synergies with our actual live swine business, while allowing us to accelerate our rhythm of growth and continue to move forward in the process of diversification on other animal proteins. We will look to complete this process at the beginning of 2020 and capture the opportunities we have identified.”

Bachoco produced 622 million broilers in Mexico in 2018 and it is the ninth largest poultry producer in the world, according the the Poultry International Top Companies rankings..